Bettys & Taylors Group, which operates the Bettys Café Tea Rooms, alongside the Taylors of Harrogate packaged coffee and Yorkshire Tea brands, says that increasing demand for coffee bags during the pandemic helped the Yorkshire-based company achieve revenues of £252m in 2021
The company achieved a 9% rise in revenues to £252m for the year ending 31 October 2021 | Photo credit: Taylors of Harrogate
UK-based Bettys & Taylors Group, which operates five Bettys Café Tea Rooms and owns the Taylors of Harrogate and Yorkshire Tea brands, achieved sales of more than £250m ($302m) for the first time in its 103-year history.
For the year ending 31 October 2021, the company achieved a 9% rise in revenues to £252m ($305m), up from £232m ($280m) in 2020. Profits fell 28% to £10m ($12m).
Bettys & Taylors Group said that business last year was heavily impacted by the pandemic, with the closing of its Bettys Café Tea Rooms, as well as increased costs relating to transport, logistics and packaging in the second half of 2022.
However, the company said that changing consumer habits due to restricted brick-and-mortar trading led Bettys online delivery service to ‘flourish’ while increasing demand for Taylors of Harrogate coffee bags prompted an investment to expand production equipment.
“Thanks to the commitment and passion of our people, the loyalty of our customers and the strength of our family business values, we were able to successfully navigate these turbulent times and deliver a robust financial performance, achieving a quarter of a billion sales for the first time in the group's history,” said Paul Cogan, Finance and Resources Director, Bettys & Taylors Group.
Bettys was founded in Harrogate in 1919 and purchased Taylors in 1962. The company also operates Bettys Craft Bakery and Bettys Cookery School.